If you need financial help, ask under the "Finance, Tax, and Legal" forum.

You must exclude the land value, typically allocated based on property tax assessments or an appraisal, as land is non-depreciable.

On-site lodging gives our venue a competitive advantage over others without lodging, and also provides us an income stream on non-event nights (by renting them on Airbnb/VRBO/direct).https://www.battengreen.com/

Does the operational company already exist and have income history?

When you add purchase price, carrying costs for at least 6 months, materials, labor, real estate agents costs and taxes, do you have at least a projected 10% profit?

Accessory Dwelling Units (ADUs) are an increasingly popular way to generate additional rental income on an existing property.

If you think you'll hand it off to your PM to run and take the great amount of passive income as your great reward, there is so much more to it.  

The only part that Property 1 pays on that loan is the escrow for property tax & insurance for Property 1.Thank you for your insight.You need to look at purchase price to determine cost basis, not how you financed the purchase.

Day traders are not exempt unless they elect mark-to-market (MTM) accounting, which eliminates wash sale tracking but taxes gains as ordinary income.To manage taxes, track trades closely, avoid overlapping purchases, or consider MTM election if trading actively.

If you have steady, high income in a coliving house I think that’s potentially more profitable.